William invested $5000 in an account that earns 3.5% interest, compounded
annually. the formula for compound interest is a(t) = p(1 + 1!
how much did william have in the account after 4 years?
o
o
o
o
a. $16,607,53
b. $5737.62
c. $5700
d. $5070.37
subm

Option B. $5737.62

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute